October 11, 2013 - VANCOUVER, Canada - NanoStruck Technologies Inc. (the "Company") (CNSX: NSK) (Frankfurt: 2GCN WKN: A1WY9Y) (OTCQX:[NSKTF]) is pleased to announce the appointment of Mr. Nicholas Bridges as Vice President International Sales and Business Development.
Mr. Bridges has been involved with the mining industry for the past 30 years, principally with Zambia Consolidated Copper Mines (Zambia), Minequip Pvt Ltd (Zimbabwe), San Martin Mining (Kenya), Gecamines (Democratic Republic of the Congo) and in a joint venture with Sentrachem, a listed South African chemicals conglomerate.
He has a long-standing business background as an entrepreneur, particularly as founder and proprietor of companies supplying and manufacturing process chemicals and other strategic production consumables to the African mining industry.
On the mining front, he has been directly involved with the re-processing of tailings dumps in Johannesburg and Kenya. During this period, he also acted as an agent for Marc Rich and Glencore, trading base metals.
Lately, he has been promoting and marketing the application of small mobile AC electric arc furnaces, suitable for niche primary concentrate smelting/beneficiation and environmental clean up opportunities.
Mr. Bridges is also a founding shareholder and director of African Business Solutions, a London-based company primarily focused on promoting business to business trade opportunities to and from Africa.
Bundeep Singh Rangar, Chairman of the Board said: "We are pleased to bring Mr. Bridges on board and believe that his credentials and expertise in the mining industry will be a real asset to the Company."
About the Company
NanoStruck Technologies Inc. is a water remediation company with a suite of patented technologies and proprietary nano-biotechnology that provides environmentally safe solutions for water purification, restoration and contamination issues. The Company uses the EPA guidelines as a benchmark for what constitutes safe agricultural or drinkable water, and tailors these guidelines to those standards that are acceptable in the jurisdiction in which the technology is used. Additionally, the Company's technology can be used to recover heavy and precious metals from mine tailings.
The first water treatment facility began operating on January 14, 2012 in Mexico. It has been successfully removing leachate from water in a landfill and producing clean water certified by Conaqua, the federal water commission of Mexico.
In addition, the Company has a patent pending technology that recovers precious metals contained in tailings. At the end of the process, the water is remediated and can be reused.
The Company's current business model is based on entering into long term agreements (plant installation and operating agreements) with clients pursuant to which the Company funds the capital costs of building and installing its treatment plants. Pursuant to a plant installation and operating agreement, the client pays the Company a negotiated dollar value per cubic meter of treated water with a negotiated guaranteed minimum number of cubic meters to be treated per annum.
The Company also holds a 100% undivided interest in the Holy Cross Property, which consists of a single mineral exploration tenure covering 2,005 hectares within the Omineca Mining Division of north central British Columbia.
On behalf of the Board of Directors:
Raj Kurichh, Executive VP, Investor Relations
T: (905) 813-0900
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FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Statements relating to "reserves" or "resources" are deemed to be forward-looking statements because they involve the implied assessment, based on certain estimates and assumptions that the resources and reserves described can be profitably produced in the future.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking statements in this press release include that (a) the Company will establish an Advisory Board of eminent individuals to assist with science, technology, governance and business development and (b) Dr. Lee's research may develop new materials that will have a tremendous impact on certain areas and will be of great importance to communities in Canada. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's Management's Discussion and Analysis for the nine months ended June 30, 2013 and filed on August 29, 2013 and for the year ended September 30, 2012 and filed on January 23, 2013 under the Company's profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
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